04.06.2018 – Midday Snapshot by Dukascopy
June 4, 2018 1:19 pmVideo
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Find out how successful traders have been on the FX markets so far this Monday by watching the Dukascopy Midday Snapshot.
Euro/Dollar has been on a rise, breaking though the 1 17 level to trade point 6% in the green at noon. Turnover is low and neutral sentiment of the traders is almost at an even balance. Bullish rate movement suggests a successful start of the day for those who were in long positions.
Pound/Dollar has been mostly trading sideways and a slight gain was posted as the rate rose by 53 pips hours into the session. Traded volume is average and neutral sentiment is 2% long. Bulls saw their chances as the pair rose, but most of the session has been calm.
Dollar/Yen has been trending lower to trade point 14% in the red at midday. This pair sees less than half of the monthly average funds and most of the traders have been forecasting the pair to head higher. Gradual decline has brought risks, but the passive trading approach is the limiting factor.
Pound/Yen spiked hours into the session and the pair was back near the opening level at noon. Traded volume is average and most of the traders have been in long positions. There were some chances and risks as the rate spiked hours into the day.
Euro/Yen has been on a rise and it puts the pair point 46% in the green. Traded volume is high and sentiment of the traders is bearish, short positions are up by 19%. Uptrend has brought risks for investors.
I’m Jack Everitt and that’s it for the 12 o’clock Midday Snapshot report. Goodbye for now.
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